SOURCE: Brazil Minerals, Inc.

Brazil Minerals, Inc.

July 10, 2013 09:30 ET

Brazil Minerals, Inc. Adds Premier Brazilian Mining Counsel to Its Board of Advisors

SAO PAULO, BRAZIL--(Marketwired - Jul 10, 2013) - Brazil Minerals, Inc. (OTCQB: BMIX) (the "Company" or "BMIX"), a diamond and gold producer with resources and assets in Brazil, today announced that it has added Luís Mauricio Ferraiuoli de Azevedo to its Board of Advisors effective immediately.

Mr. Azevedo is a lawyer and geologist with 25 years of business and mining experience in Brazil. He is currently the Managing Partner at FFA Legal, a legal firm he founded with a main office in Rio de Janeiro, Brazil and which is focused solely on natural resources companies. His practice involves business development, joint ventures, mergers and acquisitions, as well regulatory filings and petitions. His experience spans industrial minerals and precious metals, including contacts in the diamond sector as well, and he has worked at the highest federal levels throughout Brazil.

Mr. Azevedo previously worked for Western Mining, Barrick, and Harsco. He assembled land packages that resulted in four initial public offerings of Canadian companies in Brazil (Talon, Avanco, Beadell, and Carnavale) since 2004. He is currently on the Board of Directors of five junior mining companies: Avanco, Avenue, Brazilian Gold, Paringa Resources, and Talon Metals. Mr. Azevedo received a Geology degree from UERJ - Universidade do Estado do Rio de Janeiro in 1986, a law degree from Faculdade Integradas Cândido Mendes in 1992, and a Master of Law degree from PUC-Rio, Pontifícia Universidade Católica of Rio de Janeiro in 1995.

Paulo Roberto Amorim dos Santos Lima, BMIX's Vice President of Geology, reflected on Luís de Azevedo's admission to the BMIX Board of Advisors. "I have known Luís for over 20 years. Because he is a trained geologist, and an effective business person, in my personal opinion he is the best mining counsel in Brazil. As BMIX seeks to carefully and effectively grow its presence in attractively structured situations in several minerals, Luís has the expertise and contacts to help our objectives."

Marc Fogassa, Chairman and Chief Executive Officer of BMIX, added, "We are most fortunate to have Luís de Azevedo join us. He is located in Rio de Janeiro, thus giving us a presence in that city, but travels throughout the country almost weekly. He has a sharp business mind and we look forward to many years of his productive advice."

About Brazil Minerals, Inc.

Brazil Minerals, Inc. (OTCQB: BMIX), a U.S. corporation, is a diamond and gold producer with resources and assets in Brazil. Its mining assets include 55% ownership in Duas Barras, a diamond and gold producing mine located in the state of Minas Gerais. BMIX is also exploring for gold in the state of Amazonas, and has a healthy pipeline of other mineral opportunities throughout Brazil. Its Brazilian headquarters is in São Paulo, the financial hub of Latin America, with an operational office in Belo Horizonte, the capital of Minas Gerais, a name that means "General Mines" and serves as a reminder of the strength of that region of Brazil for natural resources. More information on BMIX, including an investor presentation, can be found at

Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Brazil Minerals, Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions; geopolitical events and regulatory changes, availability of capital, BMIX's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Contact Information

  • Investor Relations Contact:

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    MZ North America
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    New York, NY 10006
    Telephone: +1 (212) 301-7130
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